Blockchain for Supply Chain Transparency

The use of blockchain technology to increase transparency and traceability in supply chains, ensuring product authenticity and ethical sourcing.

Implications

Utilized to provide a clear, immutable record of all transactions and movements within a supply chain, improving traceability and accountability.

Example: Walmart uses blockchain to track the journey of food products from farm to store, enhancing safety and transparency in its supply chain.

Different from traditional supply chain management systems, blockchain adds transparency and security, reducing fraud and errors.